Radware (NASDAQ:RDWR) Stock: Insider Gabriel Malka Sells 16,461 Shares

Radware Ltd. (NASDAQ:RDWR) COO Gabriel Malka sold 16,461 shares of the business’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $34.23, for a total transaction of $563,460.03. Following the completion of the transaction, the chief operating officer directly owned 42,461 shares of the company’s stock, valued at $1,453,440.03. The trade was a 27.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Gabriel Malka also recently made the following trade(s):

• On Thursday, August 27th, Gabriel Malka sold 6,500 shares of Radware stock. The shares were sold at an average price of $30.00, for a total transaction of $195,000.00.

Radware Price Performance

Radware stock opened at $33.00 on Thursday. Radware Ltd. has a 12-month low of $21.68 and a 12-month high of $38.50. The stock has a market capitalization of $1.39 billion, a P/E ratio of 106.45 and a beta of 0.84. The firm’s 50-day moving average is $30.12 and its two-hundred day moving average is $27.86.

Radware (NASDAQ:RDWR) last issued its quarterly earnings results on Wednesday, October 28th. The information technology services provider reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. The business had revenue of $84.36 million during the quarter, compared to the consensus estimate of $83.02 million. Radware had a net margin of 4.26% and a return on equity of 6.64%. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.28 earnings per share.

Institutional Trading of Radware

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RDWR. Public Employees Retirement System of Ohio purchased a new position in shares of Radware during the 2nd quarter worth about $2,057,000. Hennion & Walsh Asset Management Inc. boosted its position in shares of Radware by 87.5% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 54,630 shares of the information technology services provider’s stock worth $1,686,000 after acquiring an additional 25,499 shares during the last quarter. State of Wyoming boosted its position in shares of Radware by 78.1% in the third quarter. State of Wyoming now owns 17,275 shares of the information technology services provider’s stock worth $515,000 after acquiring an additional 7,577 shares during the last quarter. Eagle Harbor Asset Management Inc. ADV grew its holdings in Radware by 10.5% in the third quarter. Eagle Harbor Asset Management Inc. ADV now owns 9,729 shares of the information technology services provider’s stock valued at $290,000 after purchasing an additional 921 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new stake in Radware in the second quarter valued at approximately $27,000. Hedge funds and other institutional investors own 73.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on RDWR shares. Weiss Ratings raised shares of Radware from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 13th. Jefferies Financial Group reissued a “hold” rating and set a $40.00 price target on shares of Radware in a research note on Wednesday, October 28th. Finally, Wall Street Zen raised Radware from a “hold” rating to a “buy” rating in a research note on Tuesday, October 13th. Three research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $40.00.

Radware Company Profile

Radware Ltd. (NASDAQ: RDWR) is a global provider of cybersecurity and application delivery solutions. The company helps organizations protect digital applications, networks and cloud environments from cyberattacks while maintaining the availability and performance of online services.

Its portfolio includes distributed denial-of-service (DDoS) protection, web application and API security, bot management, cloud security services, and network behavior analysis. Radware also offers application delivery controllers, load balancing and related traffic-management technologies designed to improve the reliability, scalability and performance of business-critical applications.

Founded in 1996, Radware serves enterprises, telecommunications providers, cloud service providers and other organizations worldwide through a combination of on-premises, cloud-based and hybrid solutions.